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EMI employee share options and acceptable discretion

Employee Incentives | 23/10/2025

HMRC has recently published guidance on the use of acceptable and unacceptable discretion in determining when shares can be received under Enterprise Management Incentive (EMI) options.

In the latest Stephenson Harwood briefing, Nicholas Stretch and Desiree De Lima in our employee incentives team consider what kinds of discretion are seen with EMI options, HMRC's new guidance and what decisions companies can now comfortably take.

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Stretch Nicholas

Nicholas Stretch

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